Excess contribution hsa 2024

[jamesrath1970]

I mistakenly made an excess contribution of $45 to my HSA.  I corrected it and received $45 plus 0.55 in interest back.  Later I will receive a 1099.  How do I report this in Turbotax?

[KeshaH · Accepted solution]

The total of $46 will be included in income on your 1040.

If you made the withdrawal in 2024, you'll receive a 2024 Form 1099-SA with a code 2 in box 3. 

Once you're logged in to your account, on the Tax Home screen:

- click Income & Expenses and then Review/Edit

- scroll down to Less Common Income and click Start next to 1099-SA, HSA, MSA

- check the HSA box and click Continue

- select Yes and then enter the details from your 1099-SA

- choose Yes if you made your contributions through your employer

- continue through the screens to answer the remaining questions about your HSA

[jamesrath1970 · Accepted solution]

Thank you.